SCARCITY.....
Supply/Demand is Economics 101
All of us are here early. We have discussed it a LOT. That is one of the KEY things to grasp when understanding...
THE BITCOIN.
It also means that despite all that and our collective liberty mindsets, there are only 20% of the coins left to be divided between all of humanity LOL.
And most people are still to enter the space..... they are not even here yet!!
Mass adoption and media coverage / info to be spread about Bitcoin is still to come!
Have you ever read the OFFICIAL / ORIGINAL BITCOIN WHITEPAPER?
Because that link is the granddaddy of holy grail Bitcoin documents LOL.
It's basically why we are all here and all other crypto currencies are here (at least in GREAT part) because of it.
We see the damage that governments, force, police stating is doing to the economy, civil rights.
We thank Satoshi Nakamoto for (their/his/her...their again) work for humanity and LIBERTY.
The next bitcoin HALVING is set to happen on or around June 6th, 2020.
The mining/block reward gets cut in HALF every 4 years, leading to scarcity value also to the miners securing the network and verifying the tx's (transactions) --- I think is the easiest way to explain this.
If you are newer to crypto, I hope that really basic explanation helps explain things to you.
You can always use THIS to further explain things if you like.
And if you would like even more info on the subject, you can use THIS
link to really dig in also on the total supply / scarcity side issue.
BITCOIN:
What a ride!!!
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
